thyssenkrupp Materials Services Expands Footprint in North America

thyssenkrupp Materials Services announced the acquisition of a majority stake in Aceroteca Trading, a flat-rolled carbon steel processing and service center business located in Santa Catarina within the Metropolitan area of Monterrey, Nuevo León, Mexico. The transaction marks an important step in strengthening thyssenkrupp Materials Services’ integrated North American footprint and supports customers’ increasing localization and nearshoring strategies.

The acquisition gives thyssenkrupp Materials Services a modern, scalable processing platform in one of Mexico’s manufacturing hubs. The Santa Catarina service center improves proximity to customers, enables localized processing, shortens lead time and optimizes supply chain solutions. Aceroteca currently serves industries including heating & cooling and power transmission. It offers available capacity to thyssenkrupp Materials Services for both new and existing customers in the region.

“The acquisition of Aceroteca Trading is an important strategic step for thyssenkrupp Materials Services,” said Heather Wijdekop, CEO of the Processing business unit. “It strengthens our Coil Processing Group’s presence in North America and allows us to further support customers as regional supply chains continue to evolve. It provides a strong platform in a key industrial and manufacturing region.” Héctor Morales, founder and CEO of Aceroteca Trading, will continue to lead the business and retain a minority ownership stake.

“We are proud to join thyssenkrupp Materials Services,” Morales said. “Aceroteca was built on entrepreneurship, customer focus and technical expertise. With thyssenkrupp as a strategic partner, we can expand our capabilities and deliver greater value to our customers while continuing to develop our team in Mexico.”

The transaction combines Aceroteca’s entrepreneurial culture and deep local market expertise with thyssenkrupp Materials Services’ global procurement strength, processing know-how and longstanding customer and supplier relationships. While the initial focus remains on flat-rolled carbon steel products, the acquired infrastructure provides optionality for future expansion into additional product categories. 

(Source: thyssenkrupp Materials Services)